July 30, 2024/Cordros Report NASCON Allied Industries Plc (NASCON) published its unaudited Q2-24 financials after close of business yesterday (29 July), reporting a standalone EPS of NGN1.36 (Q2-23: NGN1.57), resulting in H1-24 EPS of NGN1.83 (H1-23: NGN2.20). The decline in EPS is attributed to the increase in cost of sales […]
Results & Dividends
BUA Cement Plc Q2-24: Elevated Costs and FX Issues Undermine Profit Growth
July 30, 2024/Cordros Report BUA Cement Plc (BUACEMENT) released its Q2-24 unaudited financials yesterday (29 July), reporting an EPS decline of 55.8% y/y to NGN0.48 (Q2-23: NGN1.09). This decline is primarily attributed to increased costs (+146.0% y/y) and substantial FX losses during the period. Similarly, H1-24 EPS fell by 46.2% y/y to NGN1.01 (H1-23: […]
Nestle Nigeria H1 2024: Strong Revenue Growth offset by Increased Costs and FX Loss
July 30, 2024/CSL Research In its H1 2024 results, Nestle reported Revenue growth of 55.5% y/y to N406.97bn from N261.77bn in H1 2023. On a q/q basis, Revenue was up 21.8% to N223.49bn in Q2 2024 from N183.48bn in Q1 2024. Revenue growth was largely driven by volume growth and […]
